Financial topics

[Higgenbotham]

Its a jungle H.
Algos busted by SEC as people wiped out by this BTC effect.
The only future I see is forensic software to recover the thefts
which is a stretch in itself.

The only thing I know is that particularly in this Golden Age of Fraud referenced previously it is prudent to recognize that there is no way for one individual, any individual, to anticipate and protect against all of the various frauds that may be devised by armies of fraudsters who have all day to spend devising such.

With gold, it has thousands of years of history and there is an advantage in that with regard to fraud, as noted January 8:

The advantage of gold is that it has thousands of years of history, so a lot is known about gold scams and what has been done to get around them, such as exchange warehouse chain of custody and gold coins minted by governments that have standard weights and are too small to be practical to counterfeit with a tungsten plug inside for gold outside the chain of custody (though I suppose be wary of the Chinese on that one). The bimetallic standard addressed the divisibility problem, but we no longer have that. Though I would feel comfortable putting money in silver at today's relatively high gold silver ratio.

[aeden]

Agree we are under attack from scorpions who sting -useful idiots - and locusts pols already identified who consider the politics of envy
a solution as taxpayer wasting to bring them to heel. Criminality of digital control against analog facts as it was put.
They contend effused problems now for walking in circles that are just insane attack talking points.
Beam it in contractor packets as lie cheat steal covers the land.

China is their doctoral thesis it was put clearly, the crown jewel of their effort.
They gave up on ever transforming America into what they needed it to be.
After three recorded renditions of facts as we noted clearly since 1968 they know they are dealing with relegated sheep.
Instead, they uprooted everything they thought their "new America" would require in order to supplant the old one.
That globalist traitors in the US are playing a major role in this does not mean that America is part of the globalist empire.
It is their last stumbling block. Beam it in contracted solution as they slumber in design.

https://www.dailywire.com/news/democrat ... ry-reports

[Cool Breeze]

Your last statement not only is a logical fallacy, I'll prove it yet again - How do I prove to you that it is not a bubble?

I asked you, you have no answer, which means your question is not only meaningless, it's silly.

It's like in the covid madness: prove to me you are healthy. Uh no, you have to prove that I'm unhealthy, that's the point of science = falsifiable questions.

Is the internet a "bubble" lol - NO.

Bitcoin is like the internet. An innovation with a network effect that is the strongest money ever created.

Since you don't understand that, you don't understand bitcoin. Which is fine, but stop acting like you do.

Anyone can say "War war war, death death death, bubble bubble bubble"

And you all do, like parrots.

[Higgenbotham]

Bitcoin is like the internet. An innovation with a network effect that is the strongest money ever created.

I know you're addressing this post to John, but I'd like to comment on this concept.

Bitcoin is not like the Internet. Cryptocurrency is like the Internet.

Nobody here (Richard, John, Aeden or me) has any quibble with the concept of cryptocurrency. I've said specifically and unequivocally that a properly designed cryptocurrency system is what we need. But Bitcoin isn't it.

Cryptocurrency is like the Internet.
Bitcoin is like some defunct company based on the Internet.

[John]

** 23-Mar-2021 World View: Logical fallacies

> Your last statement not only is a logical fallacy, I'll prove it
> yet again - How do I prove to you that it is not a bubble?

> I asked you, you have no answer, which means your question is not
> only meaningless, it's silly.

You asked a question at 10 pm, and posted this follow-up rant at noon.

This may come as a shocking surprise to a child your age, but at my
Methuselean age, trying to survive on Social Security, I have other
time-consuming issues to deal with besides your nonsense.

This is particularly true in your case, since there's no point. I
wrote a lengthy response to you about Tulipomania, and you obviously
didn't even bother to read it, but instead continued posting your
nonsense about Tulipomania being a trivial event.

In the news thread, I went to a great deal of trouble to write a
lengthy response about al-Assad and the Syrian war, and you obviously
didn't even bother to read it, but instead doubled down on your
hateful bigoted statements about Muslims and Jews. So since you don't
bother to read anything I post, why should I even bother to respond to
anything you say?

I'm not your servant, and just because you demand that I respond to
your moronic repetitive rants doesn't mean that I have any obligation
to do so. Whether I respond to something depends on whether I'm in
the mood, whether I have time, and whether the subject is interesting
to me.

I'll come back to you later, when I have more time, and I'm in the
mood.

[Higgenbotham]

The greatest defunct Web sites and dotcom disasters

Beenz (1998-2001)

Back at the turn of the Millennium, Beenz.com tried to form its own Internet currency. You could earn -- yes -- beenz by buying products from participating Web sites, among other methods, and subsequently redeem your beenz for products and services in real life.

The idea was a fairly simple one -- on online version of today's multi-store loyalty card schemes, such as Nectar in the UK -- but its founders got caught up in their 'international currency' hype. Beenz ultimately hit the big red button marked 'FAIL' and went under in 2001 after neglecting to prove that the idea was anything more than an ambitious loyalty points scheme.

Or was it?

Raids

There was a huge controversy over the idea of a global, online currency, and as making your own money is very much illegal, Beenz came under severe scrutiny from governments around the world. Its offices were even raided by the police and the UK's Financial Services Authority. But this was all in spite of massive investment from some serious people, and a partnership with MasterCard that allowed your beenz to be credited to your account.

It seems, however, that beenz went the way of so many of its contemporaries -- most of its clients were dotcom failures themselves, and they took beenz with them. Its technology was eventually bought by Carlzon Marketing Group in the US, and it officially joined the ranks of hasbeenz.

https://www.cnet.com/news/the-greatest- ... disasters/


Another interesting quote from the article:

"One of the hallmarks of the dot-com crush has been the presumption that you needed to get big fast, which worked for Amazon.com and virtually no one else," commented Gartner analyst Whit Andrews in an interview with CNET.co.uk's sister site News.com at the time of Webvan's bankruptcy.

[aeden]

This is the root issue.
https://www.imf.org/external/pubs/ft/wp ... p15224.pdf
They can effuse all they wish walking in circles filling cups of deception.

We can discuss transitory effects of the deceived as the asset strippers run afoul.
Anyways more than two standards exist.
https://twitter.com/i/status/1234477040365031424
https://www.insider.com/celebrity-influ ... mic-2021-3

https://www.youtube.com/watch?v=8cCO7Wg-og0

thread: amos, aporia

[aeden]

This one's gonna be a short news cycle... ever....
https://www.zerohedge.com/political/6-k ... ct-custody

https://twitter.com/JackPosobiec/status ... ct-custody

mainstream demshevik media produced it appears

[aeden]

https://twitter.com/stclairashley/statu ... 25/photo/1

[vincecate]

Nobody here (Richard, John, Aeden or me) has any quibble with the concept of cryptocurrency. I've said specifically and unequivocally that a properly designed cryptocurrency system is what we need. But Bitcoin isn't it.

Cryptocurrency is like the Internet.
Bitcoin is like some defunct company based on the Internet.

But you have also said the problem with Bitcoin/Lightning is not a technical problem, as if there was not a problem in the design. You have also never explained any real problem with the design. Again, before they added Segwit and Lightning there was a technical problem with Bitcoin (limited number of transactions every 10 minutes) but with Lightning I really think they have fixed this and also helped with lower cost and increasing privacy at the same time. Bitcoin was loosing "Crypto Market Dominance" till they made this change but has been gaining since then. So the market seems to agree with me.

When the hyperinflation starts and people want to hold USD cash for as short a time as possible, Bitcoin/Lightning and my ATMs seem to be perfectly well designed technically to handle the expected problem. As the dollar becomes a bad store of value people will move to Bitcoin. The dollars that one customer deposits will go out shortly after to be hurriedly spent by another at some store that does not accept Bitcoin yet. In hyperinflation the "velocity of money" has to go way up because it is dropping in value so fast (and increased velocity contributes to inflation). But people who get paid once a month don't want to spend all their money the day their are paid, so they need to convert to something else. Bitcoin/Lightning ATMs can do this. After a time the stores will all accept Bitcoin and all will be fine. Anguilla will get through Hyperinflation and moving away form USD better in part because of my Bitcoin/Lightning ATMs. Really.

It seems strange for you to keep claiming there is a problem with Bitcoin but never able to really say what is wrong with it. What about the design do you think makes it not the "properly designed cryptocurrency system we need"?